/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION BY
ANY MEANS INTO THE UNITED STATES/
TORONTO, Oct. 2 /CNW/ - Yesterday, Delta Systems, Inc., a corporation
incorporated under the laws of Canada ("Delta Canada" or the "Company"),
announced that its wholly owned subsidiary Delta Systems Inc., a corporation
organized under the laws of the State of Arkansas ("Delta Arkansas"), and
certain of its subsidiaries (Delta Arkansas, together with certain of its
subsidiaries, are collectively referred to as "Delta") were filing for Chapter
11 bankruptcy protection. These filings have been completed.
As previously announced, apart from its Delta Arkansas common shares,
Delta Canada has no significant assets. Delta Canada does not expect to
receive any proceeds or income from the bankruptcy proceedings of Delta in
light of the significant amounts that are owed to secured and unsecured
creditors of Delta. All of the directors and officers of Delta Canada have
The TSX Venture Exchange has neither approved nor disapproved of the
information contained in this news release.
Not for distribution to U.S. newswire services.
Caution concerning forward-looking statements
Certain statements contained in this news release may constitute "forward
looking statements". When used in this news release, the words "may," "would,"
"could," "will," "intend," "plan," "anticipate," "believe," "estimate,"
"expect," and similar expressions, as they relate to Delta Systems or its
management are intended to identify forward-looking statements. Such
statements reflect Delta Systems' current views with respect to future events
and are subject to certain risks, uncertainties and assumptions. Many factors
could cause the Company's actual results, performance or achievements to be
materially different from any future results, performance or achievements that
may be expressed or implied by such forward looking statements, including
among other things, those which are discussed under the headings "Risk
Factors" and elsewhere in documents that Delta Systems files from time to time
with securities regulatory authorities. Should one or more of these risks or
uncertainties materialize, or should assumptions underlying the
forward-looking statements prove incorrect, actual results may vary materially
from those described herein as intended, planned, anticipated, believed,
estimated or expected. Delta Systems does not intend, and does not assume any
obligation, to update these forward-looking statements.
For further information:
For further information: Jake Bushey, Delta Systems, Inc., (479)